Eunice Khoo - Academia.edu (original) (raw)
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This thesis examines the role of reputation on a firm’s financial and non-financial outcomes thro... more This thesis examines the role of reputation on a firm’s financial and non-financial outcomes through three studies. The first study examines whether the reputation incentives of busy audit committee members improve their effectiveness in monitoring the financial reporting process. I find that firms with a larger proportion of audit committee members where the membership is the most prominent are associated with higher financial reporting quality and more effective monitoring of internal control. Additional analyses reveal that my results are driven by audit committee members’ reputation incentives rather than independent non-audit committee members’ reputation incentives. I conclude that audit committee member reputation is a strong incentive for audit committee members, such that it influences their monitoring effectiveness over the financial reporting process. The second study explores whether the reputation incentive offered by a firm’s directorship has an impact on a firm’s CSR ...
Journal of Business Finance & Accounting, 2021
International Journal of Auditing, 2020
We examine the association between corporate reputation and the timeliness of external audit and ... more We examine the association between corporate reputation and the timeliness of external audit and earnings announcement. Changes in financial reporting regulation have resulted in longer audit delay, leading to an increase in the number of firms that announce earnings prior to audit completion, both of which have implications for the quality and usefulness of financial information. We find that corporate reputation is negatively associated with audit report lag, earnings announcement lag, and the likelihood of firms announcing earnings after audit completion. Our results are robust to a variety of sensitivity tests. We document important benefits in the form of timelier audits and earnings announcements derived from developing and maintaining a good corporate reputation. Our findings have implications for client firms and auditors, particularly given the challenges faced by auditors in terms of more onerous audit requirements and shorter filing deadlines, as well as demands for timelier information faced by firms.
This thesis examines the role of reputation on a firm’s financial and non-financial outcomes thro... more This thesis examines the role of reputation on a firm’s financial and non-financial outcomes through three studies. The first study examines whether the reputation incentives of busy audit committee members improve their effectiveness in monitoring the financial reporting process. I find that firms with a larger proportion of audit committee members where the membership is the most prominent are associated with higher financial reporting quality and more effective monitoring of internal control. Additional analyses reveal that my results are driven by audit committee members’ reputation incentives rather than independent non-audit committee members’ reputation incentives. I conclude that audit committee member reputation is a strong incentive for audit committee members, such that it influences their monitoring effectiveness over the financial reporting process. The second study explores whether the reputation incentive offered by a firm’s directorship has an impact on a firm’s CSR ...
Journal of Business Finance & Accounting, 2021
International Journal of Auditing, 2020
We examine the association between corporate reputation and the timeliness of external audit and ... more We examine the association between corporate reputation and the timeliness of external audit and earnings announcement. Changes in financial reporting regulation have resulted in longer audit delay, leading to an increase in the number of firms that announce earnings prior to audit completion, both of which have implications for the quality and usefulness of financial information. We find that corporate reputation is negatively associated with audit report lag, earnings announcement lag, and the likelihood of firms announcing earnings after audit completion. Our results are robust to a variety of sensitivity tests. We document important benefits in the form of timelier audits and earnings announcements derived from developing and maintaining a good corporate reputation. Our findings have implications for client firms and auditors, particularly given the challenges faced by auditors in terms of more onerous audit requirements and shorter filing deadlines, as well as demands for timelier information faced by firms.